Financial and press releases

INDUS closes sale of SELZER Group

Bergisch Gladbach, 1 September 2023

With the closing on 1 September 2023, Stock exchange listed INDUS Holding AG has successfully completed the sale of the SELZER Group. On 28 July 2023, INDUS had signed a contract to sell the group, a manufacturer of metal components and assemblies for automotive transmissions, brakes and engines as well as industrial applications, to an investment company of Mutares SE & Co. KGaA. The German Federal Cartel Office approved the transaction on 28 August 2023. The SELZER Group will be deconsolidated as of 31 August 2023.

“With the complete disposal of the automotive suppliers and the realignment of our portfolio, we are creating the conditions for the INDUS Group to grow profitably in the coming years,” says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management. “We plan to spend EUR 50 to 60 million annually on acquisitions. Now that the M&A pipeline has picked up considerably this year, we see particularly promising growth potential in the future topics of infrastructure networks and agriculture and food industries.”

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